Category Institutional Investors

Speaking at NY Compensation Association on 10/19

Print Friendly, PDF & Email

On October 19, 2012, I will speak at the New York Compensation Association’s meeting in New York City on The Impact of Proxy Advisory Firms on Executive Compensation: How Have Companies Responded, What Might They Do, and What Does It Mean for Executive Compensation?

For more information, please see the New York Compensation Association’s website: http://www.nycomp.org/meeting.asp

Council of Institutional Investors Updates Policies

Print Friendly, PDF & Email

On October 5, 2012, the Council of Institutional Investors (CII) released updated corporate governance policies. The primary change in regards to executive compensation involved a tightening of the CII’s policies with respect to clawbacks. CII now calls for companies to:

  • Ensure that sufficient and appropriate mechanisms and policies are in place to recover erroneous bonus and incentive awards paid in cash, stock or any other form to current or former executive officers and to prevent the payout of such awards in the first place.
  • Establish a minimum recovery period of at least 3 years following discovery of the fraud or cause forming the basis for the recovery.

The CII’s revised Corporate Governance Policies can be found at:

http://www.cii.org/UserFiles/CII%20Corp%20Gov%20Policies%20Full%20and%20Current%2010-5-12%20FINAL.pdf

Speaking at WorldatWork Total Rewards Conference

Print Friendly, PDF & Email

Ed will be speaking at WorldatWork’s Total Rewards 2012 Conference this Wednesday, May 23,2012 from 9:15 to 10:30 am with Bonnie Kelly from Capital One Financial Corporation and Reid Pearson of Alliance Advisors. Their presentation is “Get to Know the Long-Lost Relatives You Never You Had: How to Get to Know Your Shareholders,” which will look at what you can do to get to know your shareholders, what they want, how they are likely to react to certain compensation-related proposals and how your team can help ensure your proposals succeed.

ISS Publishes Preliminary 2011 Postseason Report

Print Friendly, PDF & Email

On August 1, 2011, ISS published its preliminary report of the 2011 proxy season.  The report is available for download here (free registration required):

http://www.issgovernance.com/docs/2011USSeasonPreview

Key findings of the report include:

  • Average support for Say on Pay votes was 91.2%
  • Say on pay votes failed at 37 Russell 3000 companies (1.6% of total companies reporting vote results)
  • The 168 companies that received greater than 30% opposition on their say on pay votes in 2011 will receive greater attention in 2012
  • Shareholder proposals seeking board declassification averaged support of 73.5%, and won majority supports at 22 of 23 large-cap companies
  • A significant decline in shareholder opposition to directors; as of June 30, only 43 directors at Russell 3000 companies failed to win majority support compared to 87 for the same time period in 2010